Palm Phones Return… Palm Pre 2, With webOS 2.0 (HPQ, AAPL, GOOG, VZ)
Hewlett-Packard Co. (NYSE: HPQ) acquired Palm Inc. earlier in the year and there has been no new release, no new phones, and no new direction announced. Until now. H-P is showing off the Palm Pre 2 as the first new…
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HP said that the Palm Pre 2 availability status is “Coming Soon on Verizon Wireless” at via Verizon Communications Inc. (NYSE: VZ), implying that the phone will arrive at Verizon stores in the coming weeks or months.
After taking a look at the website geared for the launch, the device looks extremely similar to the first edition of the Palm Pre. It is also just matter of preference on use and interface because much of the same features are on competing smartphones. Some benefits are the multi-tasking features that are easier than on many other smartphones as well as the keyboard and touschreen choice. Another feature that is back is the touchstone charging device rather than a direct plug-in option for charging the phone.
Palm was a classic take-under by many counts rather than a highly aggressive takeover. HP was the logical buyer because of 3Com and the old ties between 3Com and Palm. So far, there has hardly been a peep about anything tied to Palm as Apple and Google seem to steal all the smartphone headlines.
Unless a day comes where the world is looking at Palm and H-P as the coolest smartphone device out there, then this is not going to generate enough to significantly move the needle at a company as large as H-P.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
